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Title: Sequential valuation networks for asymmetric decision problems
Authors: Demirer, Riza
Shenoy, Prakash P.
Keywords: Decision analysis
Sequential decision diagrams
Valuation networks
Asymmetric decision problems
Influence diagrams
Issue Date: 16-Feb-2006
Publisher: Elsevier Science Publishers B. V.
Extent: 774084 bytes
Type: Article
Citation: Demirer, R. and P. P. Shenoy, "Sequential valuation networks for asymmetric decision problems," European Journal of Operational Research, Vol. 169, No. 1, 2006, pp. 286--309
Abstract: This paper deals with representation and solution of asymmetric decision problems. We describe a new representation called sequential valuation networks that is a hybrid of Covaliu and Oliver’s sequential decision diagrams and Shenoy’s valuation networks. The solution algorithm is based on the idea of decomposing a large asymmetric problem into smaller sub-problems and then using the fusion algorithm of valuation networks to solve the sub-problems. Sequential valuation networks inherit many of the strengths of sequential decision diagrams and valuation networks while overcoming many of their shortcomings. We illustrate our technique by representing and solving a modified version of Covaliu and Oliver’s [Manage. Sci. 41(12) (1995) 1860] Reactor problem in complete detail.
URI: http://hdl.handle.net/1808/757
ISSN: 0377-2217
Appears in Collections:School of Business Articles

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